ODP (NASDAQ:ODP - Get Free Report) released its quarterly earnings results on Wednesday. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14), Zacks reports. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The business had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.61 billion.
ODP Price Performance
Shares of NASDAQ:ODP traded up $0.28 on Friday, reaching $15.56. 1,328,990 shares of the company were exchanged, compared to its average volume of 504,938. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. ODP has a 1-year low of $13.44 and a 1-year high of $58.13. The firm has a market cap of $468.64 million, a price-to-earnings ratio of -17.10, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. The company has a 50-day moving average of $21.68 and a 200-day moving average of $26.16.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on ODP shares. StockNews.com cut shares of ODP from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group lowered their price target on shares of ODP from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th.
Check Out Our Latest Report on ODP
ODP Company Profile
(
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The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.
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